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FSCA warns the public against Amahle Gwedu

24 June 2020

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with Amahle Gwebu. This individual is not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

FSCA warns the public against Ashley Rix

24 June 2020

The Financial Sector Conduct Authority (FSCA) would like to warn the public to act with caution when dealing with Ashley Rix. This individual is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render any financial advice and intermediary services.

FSCA statement on Crowd 1

23 June 2020

The Financial Sector Conduct Authority (FSCA) warns the public against an entity called Crowd 1, which is not authorised to render the financial services it is providing. Crowd 1 is neither an authorised Financial Service Provider (FSP), nor is it a representative of an authorised FSP. There is also no record of this entity having applied for a license with the FSCA.

FSCA provisionally suspends the licence of JP Markets SA (Pty) Ltd

22 June 2020

The Financial Sector Conduct Authority (FSCA) has provisionally suspended the licence of JP Markets SA (Pty) Ltd (JP Markets), FSP number 46855, as there is reasonable belief that substantial prejudice to clients or the general public may occur if they continue rendering financial services.

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Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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